We believe there are pricing inefficiencies in Asian stock markets; sometimes the best investment opportunities are under-researched and/or mispriced. Asia’s “Blue Chips of Tomorrow” may not yet be high profiles names today. Because Asian markets are often driven by macroeconomic and political factors that are separate from idiosyncratic ones, we combine our quality stock focus with tactical exposures to cyclical factors.
The country allocation will generally be in line with the benchmark allocation. The sector allocation can deviate from the benchmark because of the bias towards on stocks with value and quality characteristics.